Investors Maintain
Faith in Stock Funds

Undeterred by stock-market turbulence, investors are continuing to up their ante in the belief that mutual funds will prove a good bet.

Investors in June put $22.4 billion of net new cash into stock funds, up 31.3% from May and 18.5% from June 1999, according to the Investment Company Institute, a mutual-fund trade group that published its monthly report Monday. That boosted the total net new cash going into stock mutual funds in the...